Byron Hamburgers Limited (Byron) has been given the go-ahead to shut around 20 loss-making restaurants.

Byron announced today that the Company Voluntary Agreement (CVA) proposal has been approved by its creditors, with 99% voting in favour of the agreement.

The firm's backers - including landlords - have supported its restructuring plan, set to help long-term sustainability.

The restructuring plan will see rent at 20 sites reduced for six months pending crunch talks with landlords over their future, but Byron is minded to shut them.

Hundreds of jobs are under threat due to the possible closures.

Simon Cope, CEO of Byron, said: “We are very pleased to have such strong support from our creditors. Our landlords have been both understanding and positive throughout this process and we look forward to working proactively with them in the coming months.

"As a result of this restructuring process, a number of our restaurants will close and we will do everything possible to redeploy staff to other sites and initiatives.

"With the support of our new owners, Three Hills Capital, I’m confident that a new Byron can begin to take shape. Byron’s brand and offer remains strong and distinctive, and with a smaller and more efficient restaurant estate we can continue to provide an outstanding burger experience for our customers and to develop and grow a sustainable and innovative business for the long term.”